Another Fake Trump Trade Win - Ep 1026

Peter Schiff rebukes Wall Street's false triumph over a China trade deal, dissects Trump's failed tariffs, and criticizes misguided drug pricing policies and questionable gifts from foreign nations.

Sign up for a $1/month trial period at https://shopify.com/gold

In this episode of The Peter Schiff Show, Peter Schiff critiques the perceived celebration on Wall Street over a supposed trade deal with China, which he calls 'fake news.' He argues that rather than achieving a deal, President Trump merely rolled back the heavy tariffs he had initially imposed, with no substantial progress or concessions from China. Schiff contends that Trump's moves were a strategic surrender rather than a negotiation victory and attributes market reactions, such as stock rallies and gold price drops, to a relief from avoided economic damages. Schiff also criticizes Trump's populist actions such as advocating for drug price controls and accepting a questionable $400 million jet from Qatar. Schiff concludes by discussing the implications for markets and reiterates his advice on investing in gold and foreign currencies to protect against economic instability.

⭐️ Sign up for Peter's most valuable insights at https://schiffsovereign.com

🔔 Free Reports & Market Updates: https://www.europac.com

🟨 Gold News: http://www.schiffgold.com/news

📘 Book Store: https://schiffradio.com/books

👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff

👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff

👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial

👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiff

Chapters:

00:00 Introduction: Wall Street Celebrates Fake Trade Deal

02:50 Trump's Tariff War: The Real Story

03:35 The Geneva Meeting: A Surrender in Disguise

05:34 The Illusion of Victory: Trump's PR Spin

17:44 Market Reactions: Stocks, Gold, and the Dollar

25:38 The Bigger Picture: Economic Implications

34:58 Moving Away from US Dollars

35:39 Trump's Price Controls on Prescription Drugs

40:10 The FDA and Drug Development Costs

55:29 Trump's $400 Million Jet from Qatar

01:05:07 Conclusion and Final Thoughts

#Trump #Tariffs #China

Our Sponsors:
* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com
* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai
* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com
* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com


Privacy & Opt-Out: https://redcircle.com/privacy